Updated hourlyHourly refreshMon, Oct 26, 2026
Press Release Database
Recent press releases, indexed by topic.
Media · Education
OVERVIEW 実施概要 Date & Time 14:00-15:30, Friday, October 23, 2026 Theme Why Bears Are Appearing in Human Spaces—Changes to the Environment and Regional Society Briefer Dr. Shinsuke Koike, Professor, Institute of Agriculture, Tokyo University of Agriculture and Technology Language Japanese, with consecutive English interpretation The FPCJ invited Dr. Shinsuke Koike, a professor at the Institute of Agriculture, Tokyo Uni
Oct 23 · 08:00·Foreign Press Center Japan
Finance · Energy
Côte d’Ivoire's Poro Power solar project has received international recognition for a pioneering investment structure led by Africa Finance Corporation (AFC) (www.AfricaFC.org/), demonstrating how African capital can be mobilised to develop essential infrastructure and accelerate the transition to cleaner energy. The facility is expected to become Côte d’Ivoire's largest solar plant when operational in 2027.
The project won ESG Green Bond Deal of the Year for Africa at the recent Infra Global ESG Awards 2026 in London, while AFC received ESG Green Bond Arranger of the Year for Africa. The double honours recognise the innovation behind the Poro Power transaction and AFC's role in structuring and mobilising investment for sustainable infrastructure.
Developed by Ivorian entrepreneurs, the 66-megawatt solar plant is under construction in northern Côte d’Ivoire near the city of Korhogo. It is projected to generate approximately 136 gigawatt-hours (GWh) of electricity annually, meeting the needs of more than 100,000 households and benefiting an estimated half a million people.
Beyond providing homes, public services and businesses with reliable power, the project will help Côte d’Ivoire towards meeting its target of increasing renewable energy's share of electricity generation to 45% by 2030. The Government of Côte d’Ivoire is enabling projects such as Poro Power through its initiative to encourage local private-sector participation in large-scale renewable energy projects, led by the Ministry of Mines, Petroleum and Energy under Minister Mamadou Sangafowa-Coulibaly.
“These awards are a tremendous recognition for an Ivorian project developed to meet the needs of our own communities,” said Jean-Marc Aie, Chairman and CEO of Poro Power 1 S.A. “Our ambition is not simply to generate clean electricity, but to support businesses, create opportunities and contribute to the development of Côte d’Ivoire. The Ministry's strategy to empower local private developers to undertake large-scale renewable energy projects, together with AFC's investment and innovative financing structure, has been instrumental in bringing Poro Power to this stage.”
The €65 million financing package, equivalent to approximately FCFA 42.6 billion, was raised through a green bond — an investment instrument that enables institutions to lend money to projects delivering environmental benefits. It was the first project-finance green bond in both Côte d’Ivoire and the West African Economic and Monetary Union (WAEMU), establishing a precedent for French-speaking West Africa, and was led, structured and fully funded by African institutions. The transaction allowed investors to participate in both euros and CFA francs, making it also Côte d’Ivoire's first dual-currency green bond. Together, these features demonstrate how African financial institutions can mobilise their own capital for major infrastructure projects, using financing structures suited to African markets.
AFC invested €43 million (approximately FCFA 28.2 billion) in February 2026 and acted as anchor investor, lead underwriter and co-arranger. The equivalent of a further €22 million was raised from African investors, including local and regional banks, pension funds, insurance companies and high-net worth investors.
The bond has a 15-year term, a fixed interest rate of 8.75%, and quarterly repayments following a two-year construction grace period. The financing combines the flexibility of a bond with safeguards normally used in project finance, including first-ranking security, dedicated revenue accounts and contractual protections that separate the project's cash flows from other activities. These measures help protect investors and align repayments with the plant's expected revenues.
By bringing together AFC's investment alongside capital from other African institutions through a structure that accommodates both local and international currencies, the transaction offers a potential model for financing further renewable energy and infrastructure projects across the region. Its significance extends beyond Poro Power, providing a practical example of African money financing African projects and a structure that could be replicated across the continent.
“Poro Power demonstrates that African financial institutions have both the capital and the expertise to finance large-scale renewable energy infrastructure through our own markets,” said Sameh Shenouda, Executive Board Member and Chief Investment Officer of AFC. “By combining the protections required for long-term project finance with the flexibility of capital markets, we have created a structure that can attract a broader range of African investors. This is an important model for mobilising the investment needed to expand reliable electricity supply, support industry and accelerate the energy transition across the region.”
Once operational, the plant is projected to avoid approximately 72,000 tonnes of carbon dioxide emissions annually — equivalent to taking around 15,600 petrol-powered cars off the road for a year.
The project includes a commitment to allocate €0.01 for every megawatt-hour of electricity generated towards to initiatives intended to benefit local communities.
Distributed by APO Group on behalf of Africa Finance Corporation (AFC).
Media Enquiries:
yewande.thorpe@africafc.org
About AFC:
Nineteen years on, AFC has developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in the core infrastructure sectors of energy, natural resources, heavy industry, transport, and telecommunications. AFC has 48 member countries and has invested over US$19 billion in 36 African countries since its inception.
www.AfricaFC.org
Oct 23 · 08:00·APO Group
Food & drink
Growtality brings bookings, ordering and guest data into one place, so restaurants can fill more tables, bring guests back more often and grow on their own terms EDINBURGH, GB / October 23, 2026 / Growtality, an Edinburgh-based restaurant growth company that launched in August, is giving restaurants a pl
Oct 23 · 08:00·ACCESS Newswire
Energy · Automotive
SHENZHEN, China, Oct. 23, 2026 -- SINEXCEL (300693.SZ), a global provider of energy storage, EV charging, power quality, and critical power solutions for AIDC, has received IEC 62443-4-1:2018 cybersecurity certification from TÜV SÜD following an independent assessment of its...
Oct 23 · 08:00·PR Newswire
SaaS · Education
All-in-one college platform reports 300 percent subscription growth following Arizona campaign MELBOURNE, Australia, Oct. 23, 2026 -- WOLFX, an all-in-one app designed to help college students thrive academically, socially and financially, has been downloaded by students at...
Oct 23 · 08:00·PR Newswire
Finance · Healthcare
FLORHAM PARK, N.J., Oct. 23, 2026 -- Phathom Pharmaceuticals, Inc. (Nasdaq: PHAT), a biopharmaceutical company focused on commercializing and developing novel treatments for gastrointestinal (GI) diseases, announced today that BDR Pharmaceuticals International Pvt. Ltd. (BDR) has filed suit against the U.S. Food and Drug Administration (FDA) and related Federal Defendants in the United States District Court for the District of Columbia, principally challenging FDA’s alleged refusal to receive an abbreviated new drug application (ANDA) referencing Phathom’s new drug application (NDA) for VOQUEZNA®. In the suit, BDR alleges that FDA has improperly applied the GAIN Act to extend Phathom’s New Chemical Entity (NCE) exclusivity for VOQUEZNA (vonoprazan fumarate) tablets. Phathom is evaluating the BDR filings, but believes that FDA carefully and correctly evaluated this issue in its June 6, 2025 grant of Phathom’s December 11, 2024 Citizen Petition, in which FDA recognized 10 years of NCE exclusivity for VOQUEZNA tablets through May 3, 2032. Phathom intends to take appropriate action to protect its statutory exclusivities.
Oct 23 · 08:00·GlobeNewswire
Biotech & pharma
STAMPEDE study analysis providing new predictive evidence in clinically very high-risk, nonmetastatic disease to be presented at ESMO
STAMPEDE study analysis providing new predictive evidence in clinically very high-risk, nonmetastatic disease to be presented at ESMO
Oct 23 · 08:00·GlobeNewswire
Real estate
CapitaLand China Trust provides business updates for 3Q 2026, highlighting stable portfolio performance, targeted asset enhancements, disciplined capital management and a cautious outlook. -- CapitaLand China Trust (CLCT) today released business updates for the third quarter of 2026. The Trust continues to focus on portfolio optimisation, tenant engagement and prudent capital management to support long-term sustainab
Oct 23 · 07:59·MarketersMEDIA
Industrial
Singapore’s industrial market extended its upcycle into a 24th consecutive quarter of rental growth in Q3 2026. The JTC All Industrial Rental Index rose by 0.5% q-o-q, matching the 0.5% gain in Q2 2026. -- Singapore’s industrial market extended its upcycle into a 24th consecutive quarter of rental growth in Q3 2026. The JTC All Industrial Rental Index rose by 0.5% q-o-q, matching the 0.5% gain in Q2 2026. Despite hig
Oct 23 · 07:59·MarketersMEDIA
In the wire
Reputation Repair earns national recognition from Best of Best Review for its client focused approach to online reputation management. -- Reputation Repair, an Arizona based online reputation management and digital visibility company, has been recognized as the Best Online Reputation Management Company in the United States of 2026 by Best of Best Review. The recognition highlights the company's approach to helping in
Oct 23 · 07:57·MarketersMEDIA
Government & policy
Camphor church celebrates 104 years of glorious ministry in the community November 22 celebration will honor seven church pillars and descendants of founding members For 104 years, God has guided Camphor in faith and service. As we honor our legacy, we renew our call to share Christ's love and serve our community with hope.” — Rev. Dr. Frank Moore, Camphor Pastor PHILADELPHIA, PA, UNITED STATES, October 23, 2026 / EI
Oct 23 · 07:56·EIN Presswire
Food & drink
The fructooligosaccharides market is expanding as food manufacturers increasingly incorporate prebiotic ingredients, dietary fiber, and reduced-calorie sweeteners into their products. Fructooligosaccharides (FOS) are used across [read full press release...]
Oct 23 · 07:55·Express Press Release